South Wales pub and restaurant go up for sale

A pub and a restaurant in South Wales have both gone up for sale this month.

The Angel Inn pub in Gwent was bought by a group of regulars nine years amid fears it was going to be taken over by a chain. The group has now put the local boozer back on the market for £245,000, £5,000 less than they bought it for in 2005.

Surgeons Witek Mintowt-Czyz and Gareth Thomas, nurse Jenny Pile, builders Martin Cull and Rob Barker, and venture capitalist Oliver Huntsman quickly managed to put the Angel Inn back in the centre of village life when they took it over, the South Wales Argus reports. The pub made sales of £195,000 last year and the owners anticipate that in the right hands this could grow considerably.

Meanwhile, across in Newport, the restaurant Junction 28 has also been put up for sale by 69-year-old Richard Wallace. Mr Wallace cited failing health and the battle scars of a 15-year rugby career as the reason for wanting to pass the eatery on to a new owner.

The former Bristol rugby union player and Wales rugby league international has owned the restaurant at Bassaleg for more than 20 years, the same publication said. The freehold has been placed on the market for £875,000 by specialist property adviser Christie and Company.

Nicholas Calfe from Christie and Company said: “Under Richard Wallace and Jon West’s [the chef who Mr Wallace co-owns the pub with] stewardship, Junction 28 has become an established, popular and highly profitable restaurant business in South Wales.”

He added that the sale provides “an ideal business opportunity” for an experienced operator.